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1134278

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insurance Premium Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of exempting telematics from insurance premium tax on (a) reducing the tax burden on motorists, (b) improving road safety and (c) protecting the environment.
	tabling member constituency	St Austell and Newquay
	tabling member printed	Steve Double
	uin	268630
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The government keeps all taxes under review, especially in the context of new technology. There is not clear evidence that an Insurance Premium Tax exemption for telematics-based insurance is the best way to achieve the outcomes mentioned in the question.</p><p> </p><p>The government is committed to: reducing the costs on motorists, such as freezing fuel duty for the ninth year in a row; improving road safety, such as making £100 million available from the Safer Roads Fund; and delivering on our ambitious 25 Year Environment Plan.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:15:46 answering member 4051 label Biography information for John Glen
	tabling member	4452 label Biography information for Steve Double

1134219

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with UK banks on the costs of running ATMs at their branches.
	tabling member constituency	Stirling
	tabling member printed	Stephen Kerr
	uin	268598
	answer	answer is ministerial correction date of answer 02/07/2019 answer text The UK has over 60,000 ATMs, almost all connected to the LINK network. These ATMs are owned and operated by banks and building societies (40%), in addition to independent ATM operators (60%). According to the Access to Cash Review, of the estimated £5bn annual cost of the UK’s cash infrastructure, £1bn of this relates to the running and maintenance of ATMs.<p> </p><p>Regarding specific discussions, Treasury Ministers and Officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:25:31 answering member 4051 label Biography information for John Glen
	tabling member	4604 label Biography information for Stephen Kerr

1133997

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department taking following the collapse of London Capital & Finance to ensure that mini-bond holders in Crewe and Nantwich will be properly compensated.
	tabling member constituency	Crewe and Nantwich
	tabling member printed	Laura Smith
	uin	268490
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The administrators for London Capital &amp; Finance (LCF) are currently estimating recoveries for investors affected by LCF’s failure.</p><p>The Financial Services Compensation Scheme (FSCS), as the compensation scheme of last resort, can only provide compensation for claims connected with certain types of regulated activities. They are working closely with LCF’s administrators and the Financial Conduct Authority (FCA) to understand more about LCF’s activities and whether there are grounds for compensation.</p><p> </p><p>The FSCS is an independent non-governmental body. The FSCS carries out its compensation function within rules set by the Prudential Regulation Authority (PRA) and the FCA, who are also independent of Government.</p><p>If there are circumstances that give rise to potentially valid claims, the FSCS will communicate this on their website. They have invited LCF investors to register for updates on their website. More information on this can be found at https://www.fscs.org.uk/failed-firms/lcf/.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:21:12 answering member 4051 label Biography information for John Glen
	tabling member	4648 label Biography information for Laura Smith

1134150

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Soft Drinks: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the projected revenue from the Soft Drinks Industry levy is for financial year 2019-20.
	tabling member constituency	Norwich South
	tabling member printed	Clive Lewis
	uin	268572
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The current forecast for the Soft Drinks Industry Levy is published in the Office for Budget Responsibility’s March 2019 Economic and Fiscal Outlook. The 2019-20 figure is currently estimated at £344m. The publication tables can be found on the OBR’s website: <a href="https://cdn.obr.uk/Fiscal_charts_and_tables_March_2019.xlsx" target="_blank">https://cdn.obr.uk/Fiscal_charts_and_tables_March_2019.xlsx</a></p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 13:22:14 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4500 label Biography information for Clive Lewis

1134202

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Infrastructure
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government plans to publish its Infrastructure Strategy alongside the Spending Review.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	268586
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The government welcomed the publication of the National Infrastructure Commission’s National Infrastructure Assessment (NIA) last year.</p><p> </p><p>As announced at Budget 2018 the Government will respond in full to the NIA through a National Infrastructure Strategy. At Spring Statement, the Chancellor confirmed his intention to publish the Strategy later this year, alongside the Spending Review.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 02/07/2019 13:20:34 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4523 label Biography information for Catherine West

1134106

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority survey of defined benefit pension advice published on 19 June 2019, what assessment his Department has made of the effectiveness of advice provided by the financial services industry on the potential merits of transferring out of defined benefit pension schemes.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	268448
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government is committed to working with the Financial Conduct Authority (FCA), the independent financial services regulator, who are responsible for ensuring that the financial advice market works well, competitively and fairly. The Government has established a strong regulatory framework to enable the FCA’s work.</p><p> </p><p>In November 2018, the FCA requested data from every firm with permission to advise on defined benefit pension transfers, which provided them with a full picture of the market from 2015. In publishing the data in June 2019, the FCA raised concerns that firms are recommending that large numbers of consumers transfer out of their defined benefit (DB) pension schemes despite the FCA’s stance that transfers are likely to be unsuitable for most clients.</p><p> </p><p>Although the data are not an assessment of the suitability of advice, they give the FCA the information they need to focus their supervision work. The FCA will be writing to all firms and started visits to the most active firms in the market, with a view to complete a full assessment of the firms’ approach to DB advice, focusing on key aspects of firms’ business models and processes which could give rise to harm. The FCA will not hesitate to use their investigatory powers where they identify evidence of misconduct which could have caused harm to consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:20:00 answering member 4051 label Biography information for John Glen
	tabling member	3928 label Biography information for Nick Smith

1134256

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of reducing the maximum payment terms of the Prompt Payment Code from 60 days to 30 days.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268620
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Prompt Payment Code (‘the Code’) encourages businesses to aim for 30-day payment terms as the norm, with 60 days as the maximum. Signatories commit to paying 95% of invoices within 60 days, unless there are exceptional circumstances.</p><p> </p><p>In the recent Government Response to the Creating a Responsible Payment Culture Call for Evidence we announced that responsibility for the Code is to move to the Small Business Commissioner and that the Code will be reformed, following engagement with existing Code signatories. We are also keen to increase the number of businesses signed up to the Code.</p><p> </p><p>UK legislation already establishes maximum 30-day payment terms for transactions with public authorities and 60-day payment terms between businesses, unless they agree longer terms and those terms are not grossly unfair to the supplier.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:37 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman

1134260

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to page seven of the Government's response to the paper entitled, Creating a responsible payment culture: a call for evidence on tackling late payment, what the evidential basis is for the statement there was no real consensus, either with regard to the extent of the issue itself or what the best solution to the problem is.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268624
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>We received 283 responses and respondents expressed a wide range of views in relation to payment practices and experiences. From the wide-ranging evidence provided it is clear there is no ‘magic bullet’ solution. That is why are taking action with a broad package of policy measures to tackle late payments and continue to change culture.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:11:01 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman

1134257

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Small Businesses: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how he plans to define late payments that the Small Business Commissioner will enforce.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268621
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>Within the Small Business Commissioner’s (the Commissioner) remit to tackle late payment and help drive culture change in private sector payment practices, the Commissioner addresses small business complaints about their larger customers. The Commissioner will make non-binding recommendations as to how the issues could be resolved, remedied and mitigated.</p><p> </p><p>Further detail of the Commissioner’s complaints handling scheme is set out in the Small Business Commissioner (Scope &amp; Scheme) Regulations 2017.</p><p> </p><p>I announced in the recent Government Response to the Call for Evidence on Creating a Responsible Payment Culture that we will consult on strengthening the Commissioner’s ability to assist and advocate for small businesses in the area of late payments.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:44 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman

1134259

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the £1 million technology fund for businesses on the issue of late payments.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268623
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>Technology adoption can boost productivity in the UK. The £9 million Business Basics Programme was announced in the Industrial Strategy, to test innovative ways of encouraging SMEs to take up the proven technology and business practices that can boost productivity.</p><p> </p><p>Government believes there is also a role for the Commissioner to run a campaign to promote technological solutions to SMEs to reduce late payment, improve cash flow and encourage better credit management. This fits with the Commissioner’s role in offering advice and guidance on payment matters to SMEs.</p><p> </p><p>It is envisaged that this combined approach will improve awareness of the use of technology and begin to make inroads to improve administrative processes that underpin business operations such as streamlining invoicing, payment and credit management, ultimately making payment practices more efficient and businesses more productive.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:55 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman